On the afternoon of 26 November 2025, a level-five fire broke out at Kwong Fuk Estate in Tai Po, New Territories, Hong Kong, causing significant casualties and property damage. The disaster has deeply affected people across Hong Kong and the global Chinese community, prompting rapid mobilization from all sectors to support affected residents through donations, supplies, and volunteer services.
Against this backdrop, the AB Charity Foundation is donating HKD 10 million, in partnership with the Hong Kong Association for the Promotion of Peaceful Reunification of China, to support emergency relief and long-term community rebuilding efforts in Kwong Fuk Estate. Together, the two parties aim to advance sustainable humanitarian assistance and other public-interest initiatives.
Established in May 2025 in Ireland, the AB Charity Foundation is dedicated to promoting global public welfare, with a particular focus on vulnerable groups affected by war and natural disasters, especially women and children. This donation not only reflects the Foundation’s core mission of “technology for good,” but also embodies its vision of viewing the Earth as an interconnected whole, transcending regional, cultural, and ethnic boundaries to help build a genuinely supportive global community with a shared future for humankind.
About AB Charity Foundation
The AB Charity Foundation is an independent, Ireland-registered international non-governmental organization with legal status in the European Union. It is supported by AB DAO through both technological infrastructure and funding. The Foundation is committed to leveraging cutting-edge technologies—such as blockchain and artificial intelligence—to build a transparent, trustworthy, and traceable global infrastructure for philanthropy, promoting sustainable progress in education, healthcare, environmental protection, and humanitarian aid.
AB Charity Foundation website | AB DAO website
Source: https://beincrypto.com/ab-foundation-hk-association-10m-donation/
